The demand for labor increases when the:
A. real wage increases.
B. value of the marginal product of labor decreases.
C. real wage decreases.
D. value of the marginal product of labor increases.
Answer: D
You might also like to view...
Which round of GATT first addressed subsidies?
What will be an ideal response?
Which of the following statements is true?
A. The effect of a compensated price change = the substitution effect of the price change + the income effect of the price change. B. The effect of an uncompensated price change = the substitution effect of the price change - the income effect of the price change. C. The effect of an uncompensated price change = the income effect of the price change - the substitution effect of the price change. D. The effect of an uncompensated price change = the substitution effect of the price change + the income effect of the price change.